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Report: Topgolf in talks with investment banks for potential IPO

Topgolf International Inc. is exploring a possible IPO in 2020, Reuters reported, citing people familiar with the matter.

One of the sources told the news outlet that the U.S. golfing center operator is in discussions with investment banks regarding hiring underwriters for the potential listing.

Topgolf reportedly is looking to open new venues in the U.S.; Britain; Mexico; Dubai, United Arab Emirates; and Canada. Its investors include buyout firms Providence Equity Partners LLC and WestRiver Group, or WestRiver Management LLC; sporting goods company Callaway Golf Co.; and Carolina Hurricanes Hockey Club majority owner Thomas Dundon.

Topgolf did not comment on the matter, according to Reuters.